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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: GVTucker who wrote (123605)	12/22/2000 2:23:46 PM
From: Amy J	Read Replies (4) \| Respond to of 186894

Hi GV, RE: "The good news is that a whole host of people who thought they could make a ton of money without working at all are getting a harsh dose of reality. And going forward, there will be a healthy appreciation of risk in the markets." ------------- My concern is that these folks are Intel employees that are working hard, not dotcom'ers that lived on Easy Market Street in San Francisco. The latest story (casualty) is an Intel employee who almost lost their house because he (and a lot of Intel employees) felt that demand was strong, so this particular person had written puts and betted that INTC would go up. He recently almost lost his house. He lucked out, instead, he lost all of his INTC stock options. I understand this person has been working hard at Intel for more than a decade. He's no dotcom'er. He's gone through the really hard times at Intel during the mid-80's. I noticed there are a lot of stories that have suddenly come out of the wood works just over the past two days - at Intel and at Sun. They are rather dramatic. Survival of the fittest to the extreme says these people should be allowed to be financially wiped out and you can say, they deserved it. Problem is though, even for the most cold-hearted INTC shareholder, they're still Intel employees, which makes it a company problem when employees are getting distracted. And this isn't just Intel. Take a look at Sun. Sun's CEO sent a memo asking folks not to be distracted. Even folks who haven't taken on that type of investment risk are a tad concerned, because many of the 30-something set have 'Silicon Valley mortgages.' I'm suddenly hearing nasty stories in the last two days and it appears Intel employees are beginning to get distracted. Carly volunteered to not take a bonus. Maybe Barrett should not take his bonus, but re-allocate it towards loans to those Intel employees (that thought demand was strong too) that are now in a position of possibly losing their homes. (Just kidding, I think) Seriously, Intel should provide some type of independent lunch seminar for their employees on investment. Those impacted don't have any clue as to what to do and they may not be making the best decision given the possible array of solutions. I've got to go for now. Hope you have a good holiday, edit: I just saw your post after typing this one Amy J